Order and judgment unanimously affirmed, with costs.
Memorandum:
Paragraph 7(a) of the employment contract between the parties refers to "ownership interests or rights" acquired by plaintiff pursuant to paragraph 4(b) of the contract, which clearly creates a permanent entitlement of a 15% ownership interest once the net commissions reach the $100,000 level. Defendants' contention that the "buy-out" formula specified in paragraph 7(a) is based on plaintiff...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.